Popo Global raises ₹532 crore from Artal Asia to expand beyond Bengaluru

The parent of The Pizza Bakery, Paris Panini and Smash Guys has raised ₹532 crore from Artal Asia. Popo Global operates 41 outlets in Bengaluru and plans to use the capital to scale its food-brand portfolio across India.

— Source publishedFri, 11 Sept, 2026, 13:44 IST·First seen Fri, 11 Sept, 2026, 14:36 IST·Source Inc42

What happened

Bengaluru restaurant operator Popo Global raised ₹532 crore from Artal Asia. The Pizza Bakery, Paris Panini and Smash Guys parent operates 41 Bengaluru outlets

Key facts

  • ₹532 Cr
  • around $56 Mn
  • 41 outlets

What changed

Bengaluru restaurant operator Popo Global raised ₹532 crore from Artal Asia. The Pizza Bakery, Paris Panini and Smash Guys parent operates 41 Bengaluru outlets and plans to use the funding to expand its food-brand portfolio across India.

Why this matters

₹532 crore from Artal Asia gives Popo Global the fuel to take The Pizza Bakery, Paris Panini and Smash Guys beyond Bengaluru and accelerate its multi-brand rollout across India.

What to watch

  • First announced city launches, outlet pipeline and target store count.
  • Whether expansion is predominantly company-owned, franchised or cloud-kitchen based.
  • New-city same-store sales, store-level EBITDA and time to breakeven disclosures.
  • Hiring of national operations, real-estate, supply-chain and franchise executives.
  • Partnerships with aggregators, mall operators, travel hubs or institutional food-service channels.

Also reported by